Morgan Lewis Advises UBM plc in $841M PR Newswire Sale

December 15, 2015

NEW YORK and LONDON, December 15, 2015: Morgan Lewis client UBM plc, one of the world’s leading B2B events organizers, today announced that it has reached an agreement for the sale of PR Newswire to Cision, a business controlled by GTCR Canyon Holdings (Cayman), L.P., for $841 million, comprising $810 million in cash and $31 million of preferred equity (on a fair value basis).

The Morgan Lewis team representing UBM in this matter was led by partners Charles Engros and Jonathan Morris and associates Andrew Milano and Allison Gargano. Team members included partners Tom Cartwright, Min Duan, Terrence Dugan, and Philip Dowsett; of counsel Kathleen Martin and Jason Rodriguez; associates Felipe Alice, Brian Clement, Annie Heiss, Blair Broser, Melissa Grosett, and Jonathan Wilcon; partner Gary Rothstein and associates Gina Laurieo, Lauren Ridley, and Amber Roberts; partners Harry Robins and Izzet Sinan, as well as associate Martin D’Halluin; partners  Paul Beausang, Charles Bogle, Richard Zarin, and Karen Butcher; associate Joseph Washington; partner David McManus; associate Andriette Roberts; and partner Judy Walkoff.

To read a press release issued by UBM regarding the transactions click here.